Mid-size companies looking to hire

Hiring appears to be on the upswing at mid-size Canadian companies.

The inaugural American Express Multinational Survey of Mid-sized Companies finds that 59% say they currently have more employees than they did one year ago.

Among those currently planning to add staff, nearly half (47%) say they need to hire to support business volume.

Additional reasons for hiring include the following:

  • seasonal help needed (36%);
  • new business ventures (32%);
  • the company finally found the right candidate/positions that they had been trying to fill for some time (26%); and
  • the company needed more people to delegate to (25%).

Among those who plan to add staff over the next six months:

  • 47% plan to hire only full-time employees;
  • 27% plan to hire only part-time employees; and
  • 12% plan to hire both full- and part-time employees.

The survey results point to additional optimism for those considering employment at mid-size firms. Almost one-third (31%) of companies surveyed say the main reason they are able to retain employees is their compensation package (including competitive salary and stock options).

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